Dow over 28,000!

[travelover]

Very true words. Avoiding misery (or even just discomfort) is the primary concern. After that, we spend on simple pleasures and vacations. Beyond that, we have no desires for a grand home or exotic trips. Also, the comfort of knowing that if one, or both, of us needs assisted living or skilled nursing care, we have it covered, is comforting.

Amen to that.

 

[Major Tom]

Congratulations Major Tom. I’ve been a member here for a while, but rarely comment. Couldn’t pass up the opportunity to congratulate you though. That’s a memorable milestone. The past 12 months have been very, very good. Almost unbelievably so, but no complaints [emoji6]

Thank you Dog. Today (Thurs) was the first day my portfolio actually went over the 1M mark. When I saw that the S&P500 had closed up 0.84%, I knew that would put me over the top. As of today, my balance stands at 1.003M. w00t! After the initial rush though, I realized that yesterday's figure of 999,035 felt more significant because of all those 9's. It just felt more substantial

Also, the comfort of knowing that if one, or both, of us needs assisted living or skilled nursing care, we have it covered, is comforting.

This has been the subject of other threads, but as a single person with no kids or responsible younger family members nearby, I will have to check myself into such a place while still in control of my mental faculties. It will be interesting to see if I can pull that one off. I'm not scared of aging alone but, on a practical level, would like my affairs to be taken care of. Hmmm.......

 

[Perryinva]

The next for fun milestone is $1M after taxes. That was fun tracking that, IRA vs Roth and after tax accounts. Since you don’t actually have the use of a million until then. (I first chose to use my regular tax rate, not all at once, then that was the next for fun milestone)

 

[Time2]

I saw the heading and came to correct the record, but someone already did that, yes Dow is now well over 29,000!
I will say, I don't like the Dow as a gauge, and prefer the Nasdaq with more stocks in it. I say drop the Dow as an indicator.


I do a net worth statement every quarter. I did one at the end of the year.
After 15 days into this year, I checked my main Vanguard account and It's crazy, I'm up $2,345 dollars a day just watching not working. It is a bit scary, because I know it could change any day and I'm pretty aggressive in my portfolio. I went through 2001 and 2008, I stayed fully invested in 2008.
It turned out fine. But now that I'm retired, I'm not so apt to stay invested if we have much of a down turn.

 

[NW-Bound]

In a bull market, it's fun to watch the NASDAQ. Not so much when the market turns.

From Mar 2000 to Oct 2002, the NASDAQ lost 76%.

At the same time, the S&P lost 43%, and the Dow 26%.

Fun time. Easy comes, easy goes.

PS. A $1M stash became $240K with the NASDAQ. Nice. That was the time the term "101K" was invented, because that was what was left from $401k.

 

[Lawrencewendall]

I saw the heading and came to correct the record, but someone already did that, yes Dow is now well over 29,000!
I will say, I don't like the Dow as a gauge, and prefer the Nasdaq with more stocks in it. I say drop the Dow as an indicator.


I do a net worth statement every quarter. I did one at the end of the year.
After 15 days into this year, I checked my main Vanguard account and It's crazy, I'm up $2,345 dollars a day just watching not working. It is a bit scary, because I know it could change any day and I'm pretty aggressive in my portfolio. I went through 2001 and 2008, I stayed fully invested in 2008.
It turned out fine. But now that I'm retired, I'm not so apt to stay invested if we have much of a down turn.

That is why I'm steadily moving stuff over to dividend paying stocks. As long as the companies are still profitable and don't cut their dividends, the dividends buy more stock at a cheaper price in the event of a correction. Just rolled over some small/mid cap index funds from 401(k) to dividend stocks today in my Roth.

 

[Time2]

In a bull market, it's fun to watch the NASDAQ. Not so much when the market turns.

From Mar 2000 to Oct 2002, the NASDAQ lost 76%.

At the same time, the S&P lost 43%, and the Dow 26%.

Fun time. Easy comes, easy goes.

PS. A $1M stash became $240K with the NASDAQ. Nice. That was the time the term "101K" was invented, because that was what was left from $401k.

I was very lucky in 2001, I subscribed to an investment letter, 'Bob Brinkers Market Timer'. On Feb 11, 2001 He said to sell all equities. I did. The market peaked in early March and went down from there, way down. The same guy totally missed the 2008 market crash.

 

[W2R]

And now that today's figures have come in, yet another all time high for me, even higher than yesterday.... Oh, and also for the Dow, of course, closing at 29,298.

And again today.... All time high for me. Dow closing at an all time high too, 29,348.

 

[UnrealizedPotential]

I am going to ride this bull until I get thrown off of it.

 

[W2R]

I am going to ride this bull until I get thrown off of it.

Me too. Hang on tight!

 

[street]

^ love it! LOL Then get back on and ride some more. LOL

 

[NW-Bound]

Riding the bull again after being thrown off? I dunno. You want to be sure that you survive first.

 

[street]

^ lol! That is true.

 

[NW-Bound]

Occasionally, even spectators get hurt.

And look at the bloody horns of the bull below.

 

[FREE866]

Occasionally, even spectators get hurt.

And look at the bloody horns of the bull below.

Ugh
Barbaric tradition

 

[NW-Bound]

Ugh
Barbaric tradition

It's exciting until blood starts flowing.

 

[FREE866]

It's exciting until blood starts flowing.

It ends in a public slaughter with thousands cheering. It's astounding what humans find "exciting" and "entertaining"

 

[NW-Bound]

Bull fighting is not bull riding. There are lots of HUGE colorful photos of bull fights, as you gleefully discovered. Great distraction!

Back on topic, how was your portfolio today? How did the Dow do today?

It is true that the bulls used for cowboys to ride do not have sharp horns, and usually do not gore fallen riders. Still, one can get trampled.

About my stash, thanks for asking, it sets a new high everyday.

I am not nervous, having done some hedging for the more volatile holdings. I have plans for whether the market goes up or down from here. Of course it remains to be seen how well my plan works. Can I dismount the bull safely?

 

[W2R]

About my stash, thanks for asking, it sets a new high everyday.

Oh good! Glad to hear it. Life is pretty good.

 

[NW-Bound]

Oh, by the way, a lot of civilians get hurt just to do the yearly bull run in Pamplona. They were not fighting the bulls, only running to evade them.

 

[W2R]

About my stash, thanks for asking, it sets a new high everyday.

Oh good! Glad to hear it. Life is pretty good.

Oh, by the way, a lot of civilians get hurt just to do the yearly bull run in Pamplona. They were not fighting the bulls, only running to evade them.

Perhaps your religion regards any happiness due to good fortune, as being sinful. I am glad I do not have to live like that.

Back on topic (again), when will the Dow break 30,000? My guess is the first week in March.

In case you can't find it due to all the huge bright photos of gore in which it is now buried, here's the post that started today's discussion:

And again today.... All time high for me. Dow closing at an all time high too, 29,348.

 

[NW-Bound]

Perhaps your religion regards any happiness due to good fortune, as being sinful. I am glad I do not have to live like that.

No, I am not religious. And I like to be happy. And I am currently happy.

You can blame it on my pessimistic attitude. When things get too good, I get suspicious.

I am always looking over my shoulder. Is that a bull behind me?

 

[RobLJ]

Ground control to Major Tom
Take your protein pills and put your space suit on!
(Congrats!)

Holy Moly. I am just under 1K shy of having a cool million! I know that many here passed that milestone a long time ago, but it's a pretty big deal for me. If I include the money in my checking, I am already over the mark, but that would be cheating

Looking at those three 9's in a row on my balance feels like the adult delayed gratification version of winning the jackpot on a slot machine

 

[UnrealizedPotential]

Riding the bull again after being thrown off? I dunno. You want to be sure that you survive first.

That is why my stock allocation, around 51% is lower than others. I looked and I had a 15% return last year, and that included living off my portfolio. While I know my returns won't be as robust as some, I can still participate in the bull market and ride that baby for all it's worth while at the same time stay within my risk tolerance.

 

[NW-Bound]

That is why my stock allocation, around 51% is lower than others. I looked and I had a 15% return last year, and that included living off my portfolio. While I know my returns won't be as robust as some, I can still participate in the bull market and ride that baby for all it's worth while at the same time stay within my risk tolerance.

I recently lowered my stock AA from 75-80%, and it's 58% currently. That is low for a stock lover like me, and has not been this low for many years.

I am a market timer, and see buying opportunity ahead, after getting 27.6% return last year. Relative to the S&P, that's better than my stock AA deserved, and I do not want to push my luck.